Read our FBS Review and Learn More About this Award Winning Broker

In the world of Forex trading, there are so many options when it comes to picking a broker. However, if you find yourself picking the wrong one it can be a decision that weighs very heavy on your bank balance. A good place to start is by reading some Forex broker reviews, so you’re already on the right path because you’ve found your way here.There are a number of things to bear in mind when making your decision and you’ll find we cover most of them in our honest reviews. We are going to be looking at an award winning broker known as FBS, and after reading all the important details you’ll soon appreciate why they have received so many accolades.

A brief introduction to FBS

FBS introduced itself to the world of Forex trading in 2009, and now enjoys a presence in more than 120 countries with a customer base of more than 700,000 traders. And from the very beginning awards have been coming in left right and center. For example, in 2010 FBS received an award or Best mini Forex-broker; in 2012 it was named as the Fastest growing broker in Asia; in 2013 it received Best broker in Asia, and the awards were still coming in 2015. The activities of FBS are regulated by the International Financial Services Commission, and while this may not be the FCA, BaFin or CySEC it is still a trustworthy regulator. FBS is owned by FBS Markets Company that has offices in a number of Asian cities.

FBS has chosen MetaTrader 4 as its trading platform

A number of top Forex brokers choose MT4 for their trading platform, and it comes as no surprise that FBS has done the same. It performs equally well for all operating systems including Windows, MAC, Android, and iOS. There is no need for a download and automated trading is supported. It is one of the most functional trading platforms currently available and comes complete with a number of distinctive features. And for those of you who are keen to use the upgrade to this popular software, FBS now offer MetaTrader 5.

Five different account types to suit a range of different traders

FBS offer five different account types, each with their own special requirements and benefits. From traders who prefer to keep risks to a minimum right up to those who are ready to invest big and trade in large volume, all are catered for. Including those who much prefer to risk no money at all and get in some practice with virtual money.
Cent account

• Minimum deposit $1
• Floating spreads from 1 pip
• No commission
• Leverage up to 1000:1
• Maximum of 50 open positions and pending orders

Micro account

• Minimum deposit $5
• Floating spreads from 3 pip
• No commission
• Leverage up to 3000:1
• Maximum 100 open positions and pending orders

Standard account

• Minimum deposit $100
• Floating spread from 1 pip
• No commission
• Leverage up to 3000:1
• Maximum 100 open positions and pending orders

Zero spread account

• Minimum deposit $500
• Floating spread from 0 pip
• Commission from $20 per lot
• Leverage up to 3000:1
• Maximum 100 open positions and pending orders

Unlimited account

• Minimum deposit $500
• Floating spread from 0.2 pip
• No commission
• Leverage up to 500:1
• No trading limits

All the above accounts have access to 3 currency pairs and 2 metals, and all support swap-free trading with the option of free funds insurance. In addition, there is the opportunity to become a VIP client if an account is funded with $10,000 and 50 lots are traded. VIP status entitles traders to priority processing of deposits and withdrawals, consultations with a personal account manager who speaks your mother tongue. VIP gifts and a certificate.
A number of payment methods are supported including Visa and Mastercard, Neteller, Skrill, WebMoney and a number of other local methods. Skrill and YuuPay are the only methods that incur additional charges and many payment methods are processed immediately.

FBS are celebrating the 2016 Olympics with some great giveaways

It seems that the 2016 Olympics are being seen as a great excuse to give away lots of prizes. For example:

• Olympic giveaway with more than 300 unique gifts
• Prize fund of $1000 for demo account traders who make the most virtual profit
• Money prize for traders who send in a photo of them wearing their FBS t-shirt

And these are on top of the bonuses and promotions already being offered by FBS. There is a 100% deposit bonus, a $123 bonus, cashback, FBS lucky T-shirt, and the gift of an iPhone 5s Plus.

Educational material is limited but it hasn’t been forgotten

There are the standard offerings of market analysis and calculators as well as an economic calendar, but there are no online tutorials, webinars, videos, or eBooks, However, if you can make it to one of the venues there are some real life seminars available to participate in. We happen to miss the usual fare of training material, and many beginners are sure to be disappointed.
Customer service is more than adequate with an FBS representative available on several international numbers, but mostly these seem to be in Asia. There is also an email support address, as well as a live chat option. Although the live chat option is only available in English.
FBS is a reputable broker that has received numerous awards, although these are mostly for its endeavors in Asia. Customer feedback is very positive so they must be doing something right. One thing, however, that makes them unique is their ‘breakeven trading’ insurance scheme. We haven’t come across anyone else allowing traders to insure deposits, which if lost during trading FBS guarantee to pay you back. If you like the sound of this or any other of their features you can try them out risk-free by opening a demo account.